Guideline Value for PANDAVA PERUMAL NORTH MADA STREET

Pandava Perumal North Mada Street guideline value

The current guideline value of Pandava Perumal North Mada Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Pandava Perumal North Mada Street has changed

The guideline value for Pandava Perumal North Mada Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, which saw a decrease of 33% to Rs 1,005 per sq.ft. However, from 2017 to the 2023 revision, the value increased significantly by 49% to Rs 1,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Pandava Perumal North Mada Street.

• Pandava Perumal Sannathi Street: Rs 1,650 per sq.ft (2024)
• Pandava Perumal West Mada Street: Rs 1,650 per sq.ft (2024)
• Panjukotti Street: Rs 1,650 per sq.ft (2024)
• Panjupettai Chinna Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Otthavadai Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Periya Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pandava Perumal North Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandava Perumal North Mada Street?

The Sub Registrar Office that covers Pandava Perumal North Mada Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kanchipuram Town

The guideline value plays a crucial role in the registration process of property transactions in Kanchipuram Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pandava Perumal North Mada Street?

The current guideline value of Pandava Perumal North Mada Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% over the period.

What is the stamp duty for property in Pandava Perumal North Mada Street?

The stamp duty for property in Pandava Perumal North Mada Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Pandava Perumal North Mada Street is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

What are the other streets with the same guideline value in Kanchipuram Town?

Other streets in Kanchipuram Town with the same guideline value of Rs 1,650 per sq.ft include Pandava Perumal Sannathi Street, Pandava Perumal West Mada Street, and Panjukotti Street.